Commercial Bank Financial Performance
Alternatifbank Results - Full year ended 31 December 2022
Alternatifbank of Turkey
Net profit after tax and hyperinflation at TL 123m v TL 77m in FY 2021
The results for 2022 are impacted by the hyperinflation accounting.
The net monetary losses due to hyperinflation is TL 933m
Operating income up by TL 1,671m v FY 2021
Operating expenses up by TL 376m v FY 2021
Net provisions decreased by TL 195m v FY 2021
Loan book up by 28.0% to TL 36.4bn v FY 2021
Customer deposits up by 21.6% to TL 31.7m v FY 2021
Profitability
TL million
FY 2022*
FY 2021
Operating Income
2,547
876
Total Operating Expenses
(844)
(468)
Net Provisions
(112)
(307)
Profit Before Tax
1,591
101
Taxes
(535)
(24)
Net monetary losses
(933)
Net Profit
123
77
Balance Sheet
TL million
FY 2022
FY 2021
Assets
Cash and Balances with Cetral Bank
6,935
7,459
Net Profit (TL million)
Due from banks
2,911
3,428
Loans and advances
36,379
28,411
Investment securities
11,201
8,715
155
117
All other assets
3,991
2,976
123
Total Assets
61,417
50,989
106
77
Liabilities & Equity
Due to banks
3,348
2,682
Customer deposits
31,711
26,070
Other borrowed funds
18,595
16,938
2018
2019
2020
2021
2022*
Other liabilities
2,726
2,674
Shareholders Equity
5,037
2,625
*FY 2022 figures represents IAS29 (Hyperinflationary Accounting) adjusted financials and
not comparable with FY 21 due to no implementation."
Total Liabilities and Equity
61,417
50,989
22
22
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